Meeting with State Bank of Pakistan

A high-level delegation of the Special Technology Zones Authority (STZA), led by Chairman Amer Hashmi, held a meeting with the Acting Governor of the State Bank of Pakistan (SBP) Dr. Murtaza Syed in Karachi. In attendance were Deputy Governor SBP Dr. Inayat Hussain and Chief Commercial Officer STZA Javaid Iqbal, among other dignitaries.

While highlighting the potential of the tech industry in Pakistan, the Chairman of STZA stated that the authority is taking a strategic approach towards the development of a world-class knowledge ecosystem to enable the tech industry in the country. During the discourse, he also highlighted what STZA has achieved so far in a short span of time since its inception including the promulgation of STZA Act 2021 & the STZs national roll-out plan.

Dr. Murtaza Syed showed keen interest and promised his and SBP’s full support in enabling STZA to fulfill its mandate of building a tech-driven knowledge ecosystem and also lauded the efforts made by STZA. He further proposed a joint working group to streamline various processes and collaborate on initiatives. He specifically focused on the national roll-out plan and One Window Framework that aims to improve ease of doing business for all foreign and domestic entities.

As one of the key ecosystem partners laying the foundation of the One Window Framework, SBP has already issued a special foreign exchange regime including opening of special forex accounts to facilitate STZA licensed entities.